Philippines-based Globe Telecom has secured a $40 million loan from Japan-based Mizuho Bank. The proceeds from the three-year loan facility will be utilised for the restructuring of the company’s debt profile, which will include prepaying and refinancing certain debts. Globe has already raised about $200 million in 2013 so far to finance its capex. It secured two loan facilities of $120 million and $75 million from the Metropolitan Bank and Trust Company and from Bank of Tokyo-Mitsubishi UFJ, respectively, in March 2013.
